Professional Documents
Culture Documents
Zulkairi seeks your opinion on the legality of the mawquf and the process for the
registration of the waqf in the state of Selangor.
Whether the shares and dividends of A&B performances
and Concert Sdn Bhd can become mawquf?
SHARE WAQF - CORPORATE
IN LOVING MEMORIES
WAQF
MAGDA MOHSIN
Corporate waqf is the confinement of an amount of liquid money, shares, profit, dividends by
founder(s) such as individuals, companies, corporations, organizations or institutions, and the
dedication of its usufruct in perpetuity to the welfare of society.
(2) Any property acquired or developed from the proceeds of sale of shares, bonds, sukuk or
other instruments for valuable guarantee under paragraph (1)(a) shall be a mawquf.
SHARE WAQF - CORPORATE
IN LOVING MEMORIES
WAQF
ILLUSTRATION
(a) A owns one thousand units of share in company B. A may
wakaf all or part of the saidunits of share for the purpose of
wakaf am or wakaf khas to the Majlis.
(b) A owns one thousand units of share in company B. A may
wakaf the dividend from the said units of share for the purpose
of wakaf am or wakaf khas to the Majlis.
IN LOVING MEMORIES
CONCEPT IMPLEMENTATION
SONG ROYALTIES -
INTELLECTUAL PROPERTY
SECTION 20 - INTELLECTUAL
PROPERTY
Section 20 Section 10
Section 15 Section 2
IN LOVING MEMORIES PROCEDURE OF WAQAF
IN ACCORDANCE WITH SELANGOR WAQAF
ENACTMENT
Section 15 of the Selangor Waqf Enactment
(1) Any person who wishes to wakaf his property as a mawquf may do so by completing a
form as may be determined by the Corporation.
(2) Any application for registration shall be registered by the Registrar of Wakaf in the
Register of Wakaf as soon as may be practicable.
(3) The Corporation shall provide a Register of Wakaf for-
(a) any mawquf where the Majlis is the sole trustee; and
(b) any mawquf where the Majlis is the mawquf ‘alaih.
(4) The Register of Wakaf shall be the final proof as to the facts stated in the Register of
Wakaf.
(5) All instruments which create, which become the evidence or which affect any wakaf,
together with any document of title or other security relating thereto, shall be held and
kept by the Chief Registrar of Wakaf.
IN LOVING MEMORIES PROCEDURE OF WAQAF
SIMPLIFIED VERSION
Complete form by the Application registered
Waqaf Corporation by regsitra of Register
Selangor of Waqaf
Section 15(1) Section 15(2)